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>> thanks for having me on. i think we're getting some closure on the fiscal cliff. but we want to look behind the scenes. earning estimates for the s&p 500 and the broader market. over the last tlie months you see negative pressure on earnings. that's led by energy sector and stocks. ex-financials. and what's also giving us a bit of pause heading into 2013 is the fact that these expectations are calling for about a 7% increase in earnings for next year which may not seem heroic on the surface, but it is a reacceleration from the 5% that we're going to post most likely in 2012. >> you have to think about fundamentals then. >> yeah. i'm worried a bit about that and the fact we're probably going to see a reset in earnings estimates in the next three or four weeks. because these negotiations, we're going to get some closure and resolution. it's still going to be a 1%, 1.5% fiscal drag. that's going to be an impact on earnings heading into 2013. >> rick santelli, what do you make of the reporting that john harwood just came out with a moment ago? what do you think that m
>> thanks for having me on. i think we're getting some closure on the fiscal cliff. but we want to look behind the scenes. earning estimates for the s&p 500 and the broader market. over the last tlie months you see negative pressure on earnings. that's led by energy sector and stocks. ex-financials. and what's also giving us a bit of pause heading into 2013 is the fact that these expectations are calling for about a 7% increase in earnings for next year which may not seem heroic on...
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Dec 29, 2012
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cliff. >> thanks so much. >> the deadlock in washington has been weighing on investor sentiment today. in europe, it was the last trading day of the year, and what a year it has been. our correspondent has kept an eye on the trading floor all year for us. he sent us this report from the floor of the frankfurt stock exchange. >> the year has ended a very successful 2012, also for the frankfurt exchange, which is why you see tables and chairs where there usually are not. there will be a celebration here shortly, and there is something to celebrate -- the dax performed to the tune of about 30%-plus this year, and many shares went up. only a few lag behind. the best shares almost doubled in value. when you look at the second tier, there were some that more than doubled in value. demand mostly responsible for that, according to -- the man most responsible for that according to everyone here is mario draghi. he promised the european central bank would do everything in its power to preserve the euro, and that really release energy and restored some confidence also for the bureau. in 2013, pe
cliff. >> thanks so much. >> the deadlock in washington has been weighing on investor sentiment today. in europe, it was the last trading day of the year, and what a year it has been. our correspondent has kept an eye on the trading floor all year for us. he sent us this report from the floor of the frankfurt stock exchange. >> the year has ended a very successful 2012, also for the frankfurt exchange, which is why you see tables and chairs where there usually are not. there...
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Dec 26, 2012
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he's a rich guy. >>> the fiscal cliff affects even him. thank you. >>> financials have been on fire for most of 2012 but low interest rates and pretty tough regulation, those factors are still putting some profit margins under pressure. we take a look at what is in store for wall street in 2013. >> reporter: after a year's long identity crisis, 2013 will see a spate of bank makeovers. barclays will spin off its investment bank, bank of america will review options for merrill lynch. behind these walls, citigroup's ininvestment bank will shrink considerably, focusing on top traders and deal makers. if that deal market returns as well as valuations, citi could sell all of its crisis-tinged bad bank citi holdings. about that london whale at jpmorgan, it forced jamie dimon to clear house, a dozen executives changing roles. expect a lot of face time with media and investors for mike cavanaugh, co-ceo of the investment bank and the not so dark horse to succeed dimon. battles will brew over regulation, the consumer financial protection bureau will
he's a rich guy. >>> the fiscal cliff affects even him. thank you. >>> financials have been on fire for most of 2012 but low interest rates and pretty tough regulation, those factors are still putting some profit margins under pressure. we take a look at what is in store for wall street in 2013. >> reporter: after a year's long identity crisis, 2013 will see a spate of bank makeovers. barclays will spin off its investment bank, bank of america will review options for...
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Dec 28, 2012
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can actually happen on the fiscal cliff. can we all rise of above tomorrow? maybe it's possible. tune in. [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke.
can actually happen on the fiscal cliff. can we all rise of above tomorrow? maybe it's possible. tune in. [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you,...
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Dec 27, 2012
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the markets may be hanging off the fiscal cliff, causing investors to take cover until caller waters prepail. we want to know which stock you are betting on for high risk high reward in 2013. let's be clear, this is money that you're willing to lose. this is a lottery ticket play. this is, if you have to take a flyer on any stock in 2013, what would it be and we asked our traders, so, doc jay? >> scientific games. sgms. if mobile gaming, if you start walking around with one of these and you can play all manner of gaming, video poker, slot machine, all that sort of thing, these guys make that kind of technology work. that's why i like sgms. it was north of $40 five years ago. it's cheaper than going to see "les mis" though anthony's daughter is in it. >> correct. i've seen it three times. >> gets better each time, right? >> better each time and i caught the seconds she's in it. go amelia. >> steve weiss, similar rationale. you picked a stock that is in the -- >> toilet. >> yes. thank you for saying that. >> nihd. and here's the story with it. it's cheap. only four times enterprise val
the markets may be hanging off the fiscal cliff, causing investors to take cover until caller waters prepail. we want to know which stock you are betting on for high risk high reward in 2013. let's be clear, this is money that you're willing to lose. this is a lottery ticket play. this is, if you have to take a flyer on any stock in 2013, what would it be and we asked our traders, so, doc jay? >> scientific games. sgms. if mobile gaming, if you start walking around with one of these and...
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Dec 31, 2012
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president obama earlier on today saying it does appear a deal on the fiscal cliff is nearing. it is within sight. obviously a bit of work still to be done here. even mitch mcconnell says we are very, very close. so the markets have moved up on that hope we will get a done deal and avert the fiscal cliff. >>> positioning portfolios for the new year, i can majs is tricky right now. there's a lot of mess going on in d.c. we're going to help. we're going to give you the single best play for 2013. >>> and also next, two congressman, one democrat one republican. they're going to talk to us about the fiscal cliff. are they happy or sad? and can they rise above to get a deal done? "closing bell" will be back after this break. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with sch
president obama earlier on today saying it does appear a deal on the fiscal cliff is nearing. it is within sight. obviously a bit of work still to be done here. even mitch mcconnell says we are very, very close. so the markets have moved up on that hope we will get a done deal and avert the fiscal cliff. >>> positioning portfolios for the new year, i can majs is tricky right now. there's a lot of mess going on in d.c. we're going to help. we're going to give you the single best play...
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Dec 27, 2012
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thank you very much, eamon. >>> is today's drop in the markets all about the fiscal cliff? let's bring in tim and dan greenhouse. dan, i guess you can do a victory lap on this. maybe it is a period victory. from day one you have said we are going to go over that cliff. >> this is certainly not a victory lap we wanted to take, but i like to say that our analysis was rooted in what i would call reality. and reality has played out sort of basically as we foresaw it. the problem now, of course, is the conversation turns to not whether or not you're going over the cliff, it appears that we are, but how long are we off of the cliff. that's where the real economic and stock market damage may arise. >> how bad do you think that reality is going to be, dan? >> that's a lot harder. i think absent a market shock to spur policy makers into action, it's hard to see where the urgency comes from. to the extent that the white house and treasury can delay federal withholding tables, the average taxpayer is not going to see anything meaningfully different in their paycheck other than a 2% pa
thank you very much, eamon. >>> is today's drop in the markets all about the fiscal cliff? let's bring in tim and dan greenhouse. dan, i guess you can do a victory lap on this. maybe it is a period victory. from day one you have said we are going to go over that cliff. >> this is certainly not a victory lap we wanted to take, but i like to say that our analysis was rooted in what i would call reality. and reality has played out sort of basically as we foresaw it. the problem now,...
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Dec 29, 2012
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gerri: how would you describe today's closed-door fiscal cliff meeting between the president and congressional leaders? do you believe it was a political stunt or real negotiation? la mancha gerriwillis.com, vote on the right-hand side of the screen, i will share the results of the end of the show. still ahead tonight, it's not just the fiscal cliff mess that congress has left undone. there is a whole lot of other work that our lawmakers should have done this year but did not. i will tell you all about it. and we will be right back so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. means the world to me. and one of the most important things any parent can do is make sure their kids get active at least 60 minutes each day. studies show that physica
gerri: how would you describe today's closed-door fiscal cliff meeting between the president and congressional leaders? do you believe it was a political stunt or real negotiation? la mancha gerriwillis.com, vote on the right-hand side of the screen, i will share the results of the end of the show. still ahead tonight, it's not just the fiscal cliff mess that congress has left undone. there is a whole lot of other work that our lawmakers should have done this year but did not. i will tell you...
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Dec 29, 2012
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make a good fiscal cliff deal in time? no. we're about to show you what the top minuty managers have been busy doing in order to protect their client's cash. that coming up. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. >> once again, our developing story tonight, no deal still on the fiscal cliff. president obama handing the matter over to the senat
make a good fiscal cliff deal in time? no. we're about to show you what the top minuty managers have been busy doing in order to protect their client's cash. that coming up. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin...
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Dec 24, 2012
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this fiscal cliff doesn't solve our long-term debt propses. lou: breaking with the practice and policies of washington over the course of the past 50 years. stephen hayes, thank you very much. judith miller, thank you very much. john fund, thank you. time for a few quick comments. ken wrote us to say, correct me if i'm wrong, wasn't it the obama administration that released thousands of guns into the hands of criminals? now they want to talk gun control for law-abiding citizens? that was just "fast and furious." mike tweeted us about benghazi and the report, always blame the dead guys. they did. thanks for being with us. has t. >> wall street is very concerned. no doubt the average folks at home who have been cutting back more inclined to hang onto their wallets. they don't know what will happen. thank you congress. thank you mr. president. >> it is charities' season. makes us feel good to give. that is why there is a concert for storm victims. a bit greedy businesses ted turner did not like that idea. >> there is nothing more to say list. >>
this fiscal cliff doesn't solve our long-term debt propses. lou: breaking with the practice and policies of washington over the course of the past 50 years. stephen hayes, thank you very much. judith miller, thank you very much. john fund, thank you. time for a few quick comments. ken wrote us to say, correct me if i'm wrong, wasn't it the obama administration that released thousands of guns into the hands of criminals? now they want to talk gun control for law-abiding citizens? that was just...
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Dec 28, 2012
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gerri: how would you describe today's closed-door fiscal cliff meeting between the president and congressional leaders? do you believe it was a political stunt or real negotiation? la mancha gerriwillis.com, vote on the right-hand side of the screen, i will share the results of the end of the show. still ahead tonight, it's not just the fiscal cliff mess that congress has left undone. there is a whole lot of other work that our lawmakers should have done this year but did not. i will tell you all about it. and we will be right back gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. here is the president. >> i still want to get this done. it's the right thing to do for our families and our businesses and for our entire economy. but for immediate action comedy hour is here. it is now. we are now at the point where in just four days, every american's tax rates are scheduled to go up by law. every american paycheck will get considerably smaller. that would be the wrong thing to do.
gerri: how would you describe today's closed-door fiscal cliff meeting between the president and congressional leaders? do you believe it was a political stunt or real negotiation? la mancha gerriwillis.com, vote on the right-hand side of the screen, i will share the results of the end of the show. still ahead tonight, it's not just the fiscal cliff mess that congress has left undone. there is a whole lot of other work that our lawmakers should have done this year but did not. i will tell you...
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thanks, josh. >> thank, sue. >>> a special report on fiscal cliff negotiations that is in addition to our coverage all day awning on cnbc and cnbc.com. simon? >> hundred efs thousands of jobs are waiting for congress to act over the next few hours. who is in trouble? more "power lunch" in two minutes plus of course president obama speaking in about 12. this is cnbc. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. sfls welcome back to "power lunch." one of the big barometers today on how the market feels about the ofds going over the fiscal cliff is the defense sector. the defense sector index today in fact back up near the highs after that report from john harwood that they
thanks, josh. >> thank, sue. >>> a special report on fiscal cliff negotiations that is in addition to our coverage all day awning on cnbc and cnbc.com. simon? >> hundred efs thousands of jobs are waiting for congress to act over the next few hours. who is in trouble? more "power lunch" in two minutes plus of course president obama speaking in about 12. this is cnbc. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have...
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Dec 24, 2012
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people are nervous about the fiscal cliff. you say we will trade at. >> i've seen the financial stocks, which are a very important indicator of the market. they have been very strong, and living today. we have seen some nice follow-through from companies like goldman that finally have been able to get above key technical levels. also there is no recall when addressing. the window dressing is the group , loss on wall street among the money managers say let's get that market really strong for the end of the year. we want to see nice numbers, and gerri: you guys do nothing and fundamentals anymore. it's amazing to me. >> you're right, and that is part of the problem with the street, but those two are bottom-up fundamental analysts, we really like the guidance that we saw that came out of it. many of these industrial multi complex companies that are very importaat indicators. gerri: like it when you talk but companies like those, because those are real companies. illinois tool works, fundamental company manufacturing, doing all th
people are nervous about the fiscal cliff. you say we will trade at. >> i've seen the financial stocks, which are a very important indicator of the market. they have been very strong, and living today. we have seen some nice follow-through from companies like goldman that finally have been able to get above key technical levels. also there is no recall when addressing. the window dressing is the group , loss on wall street among the money managers say let's get that market really strong...
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thank you for joining us. >> the fiscal cliff is at our doorstep, the fate of our nation is in washington's hands. >> some final thoughts how to manage your money in these dicey times. i can't wait to hear what's going to be said as well, coming up. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. all on thinkorswim. it's part of what you slove about her.essing. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not
thank you for joining us. >> the fiscal cliff is at our doorstep, the fate of our nation is in washington's hands. >> some final thoughts how to manage your money in these dicey times. i can't wait to hear what's going to be said as well, coming up. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney...
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in the trading session, stocks are lower as news on the fiscal cliff continues to develop, so as we creep closer to that cliff, how do you position your portfolio to protect yourself and still find growth? do you do it with stocks or gold? that's what we're doing. on the technical side is j.c. o'hara and on the fundamental side steve cortes, a cnbc contributor. welcome to both of you. stocks versus the s&p, for example, what do you charts tell you and what do you like? >> well, bill, i like stocks for the short term. when i say short term, into the year end, first or second week of january, but they are getting concerning to me, so i really like gold over the intermediate term and my way to play gold is by playing the gld. recently the gld is bouncing lower off of a strong resistance at 174 on the charts. i think there will be short-term weakness in cold, but i'm using this as an opportunity to accumulate some positions. would i love to see it hit 155, 156 which is -- which is an upward rising support level. look at the options, a lot of activity down around that level which tells m
in the trading session, stocks are lower as news on the fiscal cliff continues to develop, so as we creep closer to that cliff, how do you position your portfolio to protect yourself and still find growth? do you do it with stocks or gold? that's what we're doing. on the technical side is j.c. o'hara and on the fundamental side steve cortes, a cnbc contributor. welcome to both of you. stocks versus the s&p, for example, what do you charts tell you and what do you like? >> well, bill,...
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noticed, we are following the fiscal cliff down to the wire. no early partying for us. i will be hosting a party with kelly evans. a big night with a lot of developments. please tune in. >> next, fiscal cliff will have a major effect on america's manufacturers. we will talk to two ceos, nation's backbone is bracing for this impact. >> later on, there were big stock winners this year. but should you buy those studs or take a flyer and go with the duds? we will debate it coming up. i wasn't pointing alt at you. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. >>> now we do go over the cliff and let's hope we get a deal for the last minute that we wi
noticed, we are following the fiscal cliff down to the wire. no early partying for us. i will be hosting a party with kelly evans. a big night with a lot of developments. please tune in. >> next, fiscal cliff will have a major effect on america's manufacturers. we will talk to two ceos, nation's backbone is bracing for this impact. >> later on, there were big stock winners this year. but should you buy those studs or take a flyer and go with the duds? we will debate it coming up. i...
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Dec 26, 2012
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cliff. president obama is cutting his holiday vacation short, returning to washington tomorrow to continue talks to try to avoid that automatic tax hike and spending cut combination. that's the same day that congress returns to town. before the president left town on friday, he suggested a stopgap measure to freeze tax rates for people making less than $250,000 a year and extend unemployment benefits. reports say white house staffers have been quietly working with senate democrats to come up with a plan to avoid the fiscal cliff, but little progress has been made. >>> a chinese ratings agency is putting the u.s. on negative watch citing troubles with long-term debt issues. on a statement on its web site, global credit says each political party insists on the proposition favorable for its own interest. it expects u.s. debt to rise to 105% of gdp this year and warns the country will probably fall into recession in 2013 if there's no resolution to the fiscal cliff. last year, it cut u.s. treasu
cliff. president obama is cutting his holiday vacation short, returning to washington tomorrow to continue talks to try to avoid that automatic tax hike and spending cut combination. that's the same day that congress returns to town. before the president left town on friday, he suggested a stopgap measure to freeze tax rates for people making less than $250,000 a year and extend unemployment benefits. reports say white house staffers have been quietly working with senate democrats to come up...
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Dec 27, 2012
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gerri: president obama is in washington negotiating a deal to revert the fiscal cliff. the first time and there are 500 billion in tax hikes coming your way. december 31. grover norquist from the president of americans for tax reform are warning that that is only the start of our problem. >> in addition to the bush tax cuts, 500 billion-dollar tax increases, a trillion dollars in obamacare taxes, all the taxes to pay for that free health care we are supposed to get. 90% of the tax increases to pay for obamacare were convenient postponed until after obama got himself safely reelected. they begin to hit january 1 of this coming year. they are unpleasant. gerri: absolutely unpleasant. it is a disincentive to invest into work. i don't know what people are going to do down the road. now it seems that people are saying it's up to the senate. it in the senate ballpark now to do something and to get some kind of bill. will they do anything at all? >> all the focus has been on president obama and the house of representatives. the leader, speaker boehner. some of us went to publi
gerri: president obama is in washington negotiating a deal to revert the fiscal cliff. the first time and there are 500 billion in tax hikes coming your way. december 31. grover norquist from the president of americans for tax reform are warning that that is only the start of our problem. >> in addition to the bush tax cuts, 500 billion-dollar tax increases, a trillion dollars in obamacare taxes, all the taxes to pay for that free health care we are supposed to get. 90% of the tax...
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Dec 24, 2012
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people continue to worry about the fiscal cliff. back to you. dennis: thank you. dagen: mitt romney did not want to run for president. at least, that is what his son is saying. he said he had no desire to run for office. it was his wife along with his sons to push him. dennis: let's bring in doug shoen. >> i don't think it could be farther from the truth. the physical and emotional stress of the process. they do not go through that if they do not want to be president. dagen: maybe what was wrong, what people sensed about mitt romney when he was on the campaign trail, that there was a lack of passion there. >> there was no unwillingness to take whatever position he thought would suit his purposes in the campaign and, you never heard rodney say this is what i really need, you know, needs to be done for america. i do not think there is anyone in america who wanted to be elected more than mitt romney, other than, president obama. dennis: he was too much of a nice guy. he should have been beating the daylights out of the bad record of the president. he never really got
people continue to worry about the fiscal cliff. back to you. dennis: thank you. dagen: mitt romney did not want to run for president. at least, that is what his son is saying. he said he had no desire to run for office. it was his wife along with his sons to push him. dennis: let's bring in doug shoen. >> i don't think it could be farther from the truth. the physical and emotional stress of the process. they do not go through that if they do not want to be president. dagen: maybe what...
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seema, thank you very much. >>> in the meantime, it is what everybody is talking about, the fiscal cliff deadline. in just one hour leaders from both sides of the aisle are scheduled for a sitdown and pow wow with president obama. our eamon javers is there. can we expect the best? >> everybody is certainly talking about it but there are not a whole lot of people who know what will happen here. the sliver of hope is the consensus expectation in watching ton is that the president might lay down an offer for a small deal, some type of extension of the bush tax cut for those under 250 or maybe on up to $400,000 if that's where negotiations take him. and then throw in a bunch of other cats and dogs like, for example, an extension of unemployment insurance for those people whose unemployment insurance is going to run out. a couple of other items and call that a deal. that may be where we're headed here, but we simply don't noah head of this meeting, which is now just about 55 minutes away. meanwhile, here in washington at least one republican senator took the opportunity today to say all of th
seema, thank you very much. >>> in the meantime, it is what everybody is talking about, the fiscal cliff deadline. in just one hour leaders from both sides of the aisle are scheduled for a sitdown and pow wow with president obama. our eamon javers is there. can we expect the best? >> everybody is certainly talking about it but there are not a whole lot of people who know what will happen here. the sliver of hope is the consensus expectation in watching ton is that the president...
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thanks. >> thank you so much. merry christmas. >> same to you. on to the fiscal cliff this morning. the president cutting his vacation short in hawaii. the president plans to leave for washington tonight. congress expected to return on thursday. president, guys, not expected to actually arrive in washington until tomorrow morning. no talks scheduled that we know of as of yet. all the attention's going to turn to the senate, which tends to be more of a compromising body than the house is. >> yes. and the president is available in person if you should want to go over there and visit with him. or perhaps if he wants to visit with anybody else. the consensus seems to be if you get some sort of a deal, it's obviously not going to be the big deal. it will simply be something that extends the tax cuts for the vast majority of americans, at least those earning less than $250,000 a year. the consensus seems to be, carl, that if we don't get a deal by the second or third or fourth week, the super bowl week, we'll start to feel it in the economy. >> we had a notable sell-off. there is typicall
thanks. >> thank you so much. merry christmas. >> same to you. on to the fiscal cliff this morning. the president cutting his vacation short in hawaii. the president plans to leave for washington tonight. congress expected to return on thursday. president, guys, not expected to actually arrive in washington until tomorrow morning. no talks scheduled that we know of as of yet. all the attention's going to turn to the senate, which tends to be more of a compromising body than the...
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Dec 28, 2012
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, businesses bracing for the fiscal cliff. we'll ask chairman and ceo thomas fanning if the deal is possible and how his company is preparing for the cliff. >> still ahead, as we approach the fiscal cliff, hopes for a debt deal are fading. we'll talk to strategists from both parties about how to prevent disaster, and what happens if we go over the cliff. judd gregg and julie epstein will join us at the top of the hour. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, ri
, businesses bracing for the fiscal cliff. we'll ask chairman and ceo thomas fanning if the deal is possible and how his company is preparing for the cliff. >> still ahead, as we approach the fiscal cliff, hopes for a debt deal are fading. we'll talk to strategists from both parties about how to prevent disaster, and what happens if we go over the cliff. judd gregg and julie epstein will join us at the top of the hour. you won't take my life. you won't take our future. aids affects us...
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Dec 24, 2012
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rick santelli, thank you. the fiscal cliff talks also weighing on the energy markets. let's go to bertha coombs at the nymex. >> we are seeing a little bit of a pullback here when it comes to brent futures, and also across the board pretty much in energy today. not what you would necessarily expect with the weaker dollar. the concern, of course, is that if we do go over that fiscal cliff, no deal by the end of the year. that we will see some recessionary pressures here in the first quarter. at least that's what the congressional budget office is talking about. nat gas is feeling the pressure after a strong rally over the last couple of days. we're getting profit taking there. ironically, it comes after the commitment of traders report from the cftc saying we saw the biggest increase in terms of net long positions in nymex futures. gold holding steady. not necessarily being the big safe haven play. but it is among the strongest performers in the metals complex. we are seeing some strength in po laid yum and platinum. that according to rbc because of a new etf there. >>
rick santelli, thank you. the fiscal cliff talks also weighing on the energy markets. let's go to bertha coombs at the nymex. >> we are seeing a little bit of a pullback here when it comes to brent futures, and also across the board pretty much in energy today. not what you would necessarily expect with the weaker dollar. the concern, of course, is that if we do go over that fiscal cliff, no deal by the end of the year. that we will see some recessionary pressures here in the first...
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Dec 26, 2012
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do you have any plans for fiscal cliff night? let's get to the "fast money" halftime. >>> all right, carl. thanks so much. welcome to the "halftime" show. four hours to go until the close. the dow has taken a turn to the negative. down 33 points. as you can see, the s&p and the nasdaq are following suit. here's what we're following on the "halftime" show. lucky '13. which stocks look like a good bet. >>> cliff countdown. just three trading days remain for lawmakers to reach a deal and avoid going over the cliff. will they rise above and what happens to the markets if they don't? first our top story, shopped out. new data showing holiday sales grew at the slowest pace in four years. what does it all say about the health of the nation's retailers and the money you have in their stock? our traders for the hour are peat and john negarian and steven weiss. pete, begin with you, 16 of the 17 worst performers in the s&p today are retailers. >> understandably so. the expectations were so high. a lot of the analysts were looking for a bum
do you have any plans for fiscal cliff night? let's get to the "fast money" halftime. >>> all right, carl. thanks so much. welcome to the "halftime" show. four hours to go until the close. the dow has taken a turn to the negative. down 33 points. as you can see, the s&p and the nasdaq are following suit. here's what we're following on the "halftime" show. lucky '13. which stocks look like a good bet. >>> cliff countdown. just three trading...
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Dec 31, 2012
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. >> thank you. lawmakers are continuing fiscal cliff discussions this morning. let's get to john harwood with an update. i have now am viewing the ball falling tonight. if there is not a deal -- and i don't know, you're going to tell us what the chances are, but that gives a whole new meaning as that's coming down. we hit the cliff when that -- >> that would be the bottom of the cliff. >> this is the first time ever when it's more than just ushering in a new year, but it would usher in serious fiscal head winds. >> it would, but there's still a chance this is going to work. >> have you talked to anyone this morning? >> i did. i got a message this morning on my blackberry about ten minutes ago from our senate republican source who said talks with biden were good last night. they went late. that is a promising sign that there is still a chance. they didn't break down, but there's still a chance that biden and mcconnell can come out with some sort of a deal, maybe the income threshold would be $400,000, maybe it would be $500,000, but it looks possible that they're
. >> thank you. lawmakers are continuing fiscal cliff discussions this morning. let's get to john harwood with an update. i have now am viewing the ball falling tonight. if there is not a deal -- and i don't know, you're going to tell us what the chances are, but that gives a whole new meaning as that's coming down. we hit the cliff when that -- >> that would be the bottom of the cliff. >> this is the first time ever when it's more than just ushering in a new year, but it...
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we're going to talk fiscal cliff expectations and what d.c. negotiations could mean for the final few trading days of 2012 when we return. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. it's another reason more investors are saying... and you wouldn't have it any other way.e. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doct
we're going to talk fiscal cliff expectations and what d.c. negotiations could mean for the final few trading days of 2012 when we return. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the...
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Dec 26, 2012
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ashley: nobody knows why, but i'm tired of saying "fiscal cliff," i know that. thank you so much for joining us. >> thank you. >> and cindy who ran off. thank you very much. that's the floor show. washington running out of time to avert the fiscal cliff and after plan b, well, that got nowhere, the house g.o.p. insists it's the senate's turn to suggest a plan, but the senate, well, yet to make a move. peter barnes joining us from dc with the littest on, what, doesn't seem to be going anywhere? we have the speaker, peter, stuck in a blizzard in ohio. >> yeah, that's right, ash, and we've got the senate coming back in tomorrow, and the president coming back into tossen so everybody -- into town so everybody is looking to harry reid, the senate democratic leader and the president to make a move here in the standoff, white house and senate democratic staff were discussing steps to avert the cliff monday. we didn't get an update on the status of the conversations from the white house today. a spokesperson for senator reid saying, quote, nothing to report, no conversa
ashley: nobody knows why, but i'm tired of saying "fiscal cliff," i know that. thank you so much for joining us. >> thank you. >> and cindy who ran off. thank you very much. that's the floor show. washington running out of time to avert the fiscal cliff and after plan b, well, that got nowhere, the house g.o.p. insists it's the senate's turn to suggest a plan, but the senate, well, yet to make a move. peter barnes joining us from dc with the littest on, what, doesn't seem...
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Dec 28, 2012
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cliff. >> they're not going to cave. i think they're going to extend the deed line and see credit downgrade. and i think we're going to fight about this through 2013 unfortunately. stuart: and as if falling off the fiscal cliff isn't enough to push us off another recession, it could of course. tomorrow at midnight a longshoremen's strike could shut down ports at east coast and the gulf. and the strike could disrupt about, we figure, 2 million tons of imported cargo per day and of course, it would cost the economy billions. it could have major implications on nearly all levels of the u.s. economy, could push america into recession, that's a big could. and president obama, lawmakers meet 3 p.m. on the fiscal cliff at the white house today. markets are going to be watching that real close, but of course, the markets close about an hour after the meeting starts. so, that meeting probably won't have much impact on the markets themselves unless there are leaks about what might happen. until then,
cliff. >> they're not going to cave. i think they're going to extend the deed line and see credit downgrade. and i think we're going to fight about this through 2013 unfortunately. stuart: and as if falling off the fiscal cliff isn't enough to push us off another recession, it could of course. tomorrow at midnight a longshoremen's strike could shut down ports at east coast and the gulf. and the strike could disrupt about, we figure, 2 million tons of imported cargo per day and of course,...
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Dec 27, 2012
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cliff concerns we're going to get a deal sooner or later in the latter part of january. that will revive the overall trade. >> kathy, nice to see you. thanks for coming on. >> my pleasure. >> kathy lien. >> the trade, it's more when you're talking about currencies. it's an investment. it's dangerous to trade it on a cyclical basis. >> yesterday you were talking about buy japanese exporters. >> that's a secular change i'm talking about. i think throughout 2013 you play for a weaker yen. you take the exporters, toyota motors which has had an excellent run from '75 to '91. you continue to play that from the long side. how about komatsu. komatsu japanese industrial that will sell throughout europe, throughout asia. that's also a good name that on 2013 you play for the long side. >> all right. coming up, get the year off to a great start. the top stock market best for 2013 when we come back. >> announcer: money in motion, currency trading sponsored by fxcm. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and int
cliff concerns we're going to get a deal sooner or later in the latter part of january. that will revive the overall trade. >> kathy, nice to see you. thanks for coming on. >> my pleasure. >> kathy lien. >> the trade, it's more when you're talking about currencies. it's an investment. it's dangerous to trade it on a cyclical basis. >> yesterday you were talking about buy japanese exporters. >> that's a secular change i'm talking about. i think throughout 2013...
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negotiations on the fiscal cliff still going on of course. we have a former economic adviser to john mccain and a former economic adviser to the president to debate what going over the cliff could mean for the economy and washington. >>> if lawmakers force the economy off the fiscal cliff, over 2 million jobs will be at risk, including over 956,000 small business jobs from supplier companies and mom and pop stores. er ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> while europe has been trading in large part around what we're going to do or won't to in this country, that's driven trading overnight in asia. >> but you tonight have pan i go. you
negotiations on the fiscal cliff still going on of course. we have a former economic adviser to john mccain and a former economic adviser to the president to debate what going over the cliff could mean for the economy and washington. >>> if lawmakers force the economy off the fiscal cliff, over 2 million jobs will be at risk, including over 956,000 small business jobs from supplier companies and mom and pop stores. er ] at scottrade, we believe the more you know, the better you trade....
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Jan 1, 2013
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. >>> breaking news, house republicans have just wrapped up a meeting to discuss the fiscal cliff deal worked out by vice president joe biden and senate m minority leader mitch mcconnell. the deal which passed overnight will see income taxes rise on individuals making over $450,000 a year, and families making over $550,000 a year. let's listen in now as house democrats speak. >> caucus meeting which -- in which the vice president not only roused the entire membership, but also gave us a very thoughtful and detailed explanation of what's gone on, and how it was that he and the president working with the democratic and republican leaders in both houses were able to come together on this compromise. we first want to say thank you to the vice president for being so gracious. quite honestly, so frank in his conversation with us in explaining as much as he could about what's transpired over the last several weeks. we now are waiting to hear from our republican colleagues, whether or not they want to do what the senate did in a very bipartisan fashion and give the men people an opportunity to
. >>> breaking news, house republicans have just wrapped up a meeting to discuss the fiscal cliff deal worked out by vice president joe biden and senate m minority leader mitch mcconnell. the deal which passed overnight will see income taxes rise on individuals making over $450,000 a year, and families making over $550,000 a year. let's listen in now as house democrats speak. >> caucus meeting which -- in which the vice president not only roused the entire membership, but also...
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Dec 25, 2012
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warning on the fiscal cliff. we're seven days away from tax hikes and spending cuts that could send the economy spiraling into recession. here's what your elected officials are doing about it. have a look. president obama spending christmas eve on the links in honolulu with friends. while lawmakers relax at home for the holidays. right now the senate looks like it might be the only hope for a compromise deal. can a deal be struck? white house correspondent brianna is traveling with the first family in honolulu, hawaii. hey, brianna, good morning. >> good morning, to you, it's been many silent nights actually in washington these days. not because there's nobody there to sort of figure out what's going on with the fiscal cliff but also, because folks really aren't talking. we know the white house is talking to senate democrats as we look to the senate as he reconvene on thursday, really, the last-ditch effort to try to do something. as of yet, congressional democrats in the white house are not talking with congress
warning on the fiscal cliff. we're seven days away from tax hikes and spending cuts that could send the economy spiraling into recession. here's what your elected officials are doing about it. have a look. president obama spending christmas eve on the links in honolulu with friends. while lawmakers relax at home for the holidays. right now the senate looks like it might be the only hope for a compromise deal. can a deal be struck? white house correspondent brianna is traveling with the first...
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Dec 28, 2012
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jeff: bring on the fiscal cliff says marty singer. we have all made too much of it. that is a voice that needs to be heard out there. business is coming here. dagen: jeff, thank you so much for that. jeff flock in illinois. we have another storm headed our way. we will have the latest weather reports. here are some of today's losers on the nasdaq. ♪ dagen: just after one winter storm dumped snow, here comes another one. i do not need to smile. what is not to smile about. >> good morning, everyone. we have another storm system. it is looking more and more that this storm will be intensifying enough to dumped a foot of snow. please, stay alert if you live across eastern massachusetts, maine, you could be looking at a significant snowfall of that. that storm system is further off to the north as right now. nothing we are not used to out here. as we head south, we do have showers and storms. something of note and concern is we do have reports of freezing rain across arkansas and western portions of tennessee. we could be seeing it as early as saturday morning. if you a
jeff: bring on the fiscal cliff says marty singer. we have all made too much of it. that is a voice that needs to be heard out there. business is coming here. dagen: jeff, thank you so much for that. jeff flock in illinois. we have another storm headed our way. we will have the latest weather reports. here are some of today's losers on the nasdaq. ♪ dagen: just after one winter storm dumped snow, here comes another one. i do not need to smile. what is not to smile about. >> good...
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Dec 27, 2012
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the fiscal cliff headline watch continues. you just heard john kanas say the market not too concerned. futures up 21 points. decent data out of europe, we will talk about in a minute what a day for the asian markets again. also coming up. our road map begins at andrews air force base where the president arrives in a couple of hours, cutting his hawaiian vacation short to address the fiscal cliff s there really any hope in the last attempt? does the market fade if there's no news tomorrow night? >> the nikkei continues its 21-month run. how much is the boj willing to put up with? >> looking a at potential strike in the nation's port on the east and southern coast, the first since '77 that could cost retailers and importers billions. businesses now asking its white house to get involved. >>> you can now get the nokia lumia for free, depending on the service provider contract you sign s that standard practice or a sign the company's flagship phone suspect selling well? >>> we will start off with news about the fiscal cliff. congr
the fiscal cliff headline watch continues. you just heard john kanas say the market not too concerned. futures up 21 points. decent data out of europe, we will talk about in a minute what a day for the asian markets again. also coming up. our road map begins at andrews air force base where the president arrives in a couple of hours, cutting his hawaiian vacation short to address the fiscal cliff s there really any hope in the last attempt? does the market fade if there's no news tomorrow night?...
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probably going over the fiscal cliff. >> would it be betser for america if we did go over the fiscal cliff? coming up? >> announcer: if congress fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ >>> coming up, we'll see how correct or in correct our predictions were for this year. we'll check in on commodities. we've also got a mystery panel today. it is a retail stock that has not had a down q1 for the past nine years. that
probably going over the fiscal cliff. >> would it be betser for america if we did go over the fiscal cliff? coming up? >> announcer: if congress fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an...
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thanks so much for that. not just a fiscal cliff we've been talking about. the milk cliff that could come on january first. some reports say loss in government funding to agriculture programs would send milk prices to $8 a gallon. is the milk cliff for real? is that even possible? brian rice is the owner of rice dairy and joins us from the cme. good morning to you. >> good morning, carl. >> i'm hoping you could explain this to people who have no idea this is taking place. is this all about congress not having time to deal with the farm bill before the end of the year? >> it is. they had plenty of time to deal with it before but they've left themselves like other situations up to here. >> okay. so obviously legislatively that is a problem. how much could milk potentially rise? do you think this $8 a gallon thing is a little unlikely? >> i think it is very unlikely, carl. there is some likelihood. there is a political element to it which makes it unknown. what that, odds are, is very low. as a for instance, our futures markets, our cash markets are not reactin
thanks so much for that. not just a fiscal cliff we've been talking about. the milk cliff that could come on january first. some reports say loss in government funding to agriculture programs would send milk prices to $8 a gallon. is the milk cliff for real? is that even possible? brian rice is the owner of rice dairy and joins us from the cme. good morning to you. >> good morning, carl. >> i'm hoping you could explain this to people who have no idea this is taking place. is this...
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>> i just think you have to be realistic about the fiscal cliff issue. we don't know what the magnitude of the damage is going to be to gdp next year but what we do know is that the current track run in terms of fiscal sustainability just isn't right. we can't run trillion dollar deficits for a year and expect to get away with that long term. so i think there is a trade-off here in terms of some penalty to growth next year. longer term there are benefits though and going into the year i think you just have to have maybe a little cash in the portfolio but be looking to put money to work in companies that are going to survive, good balance sheets and consistent profitability. stocks are cheap relative to bonds so i don't want to get too defensive here. >> you were with us at the top of the hour and made clear you were on hold until you see something about a fiscal cliff resolution of some kind. is there nothing you would buy between now and the end of the year? >> nothing. maybe some inverse etfs, bill, quite honestly. i want to see not just fiscal cliff r
>> i just think you have to be realistic about the fiscal cliff issue. we don't know what the magnitude of the damage is going to be to gdp next year but what we do know is that the current track run in terms of fiscal sustainability just isn't right. we can't run trillion dollar deficits for a year and expect to get away with that long term. so i think there is a trade-off here in terms of some penalty to growth next year. longer term there are benefits though and going into the year i...
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thank you for your thoughts and ideas today on our beloved fiscal cliff. >> five days to go and counting before we fall off the so-called fiscal cliff and while there's no deal, more news out of washington and our very own john harwood is there. >> reporter: mandy, we've got a letter from the republican leadership to the president and to the democrats in the senate saying that the house has acted, they passed legislation last year to extend all the tax cuts and to shift the scheduled sequester cuts from defense to domestic programs, but, of course, in urging the senate to act saying, well, we've acted, now it's your turn, we're simply not going to see the democrats take them up on that because president obama since that letter has won the election and now we're looking at the possibility of a mini deal that would get enacted before january 1st but so far all we've heard are the sounds of silence in the negotiations. a senior white house official told me today when i asked was there any holiday season progress, back channel progress over the past couple of days, got a one-word reply, no.
thank you for your thoughts and ideas today on our beloved fiscal cliff. >> five days to go and counting before we fall off the so-called fiscal cliff and while there's no deal, more news out of washington and our very own john harwood is there. >> reporter: mandy, we've got a letter from the republican leadership to the president and to the democrats in the senate saying that the house has acted, they passed legislation last year to extend all the tax cuts and to shift the...
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Dec 24, 2012
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she's focused on the fiscal cliff while many are worried about a year-end sell-off which i think you've argued is already happening a bit. >> definitely. >> so where are we? >> in the last couple of weeks, muni yields have risen. it's start to go change. but what happens is that the latest round of the proposals not only had this 28% deduction, but it would be retroactive. so all mini bonds outstanding, which would be a sacred cow that you would never touch. throwing the market into real turmoil. >> and so what's your sense right now, in terms of what's on the table, what's not on the table? >> exactly. if there were a table right now, i think people are probably getting away from the idea that there would be this retroactive taxation, essentially. but it still is very, very likely that that 28% cap on deductions will include municipal bonds. >> and joe asked the right question off camera. this is setting up a right fight between the states and federal government. >> yes. we would prefer to sell tax exempt funds when we preferred not to have the value of our bonds go down when we're hol
she's focused on the fiscal cliff while many are worried about a year-end sell-off which i think you've argued is already happening a bit. >> definitely. >> so where are we? >> in the last couple of weeks, muni yields have risen. it's start to go change. but what happens is that the latest round of the proposals not only had this 28% deduction, but it would be retroactive. so all mini bonds outstanding, which would be a sacred cow that you would never touch. throwing the...
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and is still potential for the fiscal cliff to do a lot of damage. >> susie: we are going to betalking about fiscal cliff for a long time darren you better goat that crystal ball in good shape. >> i'm polishing it tonight. >> susie: thank you very muchdarren gersh our washington burp bureau chief. >> still ahead the most iconicnew year's eve set sill celebrations >> reporter: still ahead, we'll take a look at the business behind the world's most iconic new year's eve celebration. >> susie: to the surprise of many investors, 2012 ended up being a fairly good year for the stock market. the dow rose over 7%, the nasdaq gained even more, up almost 16%, and the s&p closed the year with a 13% gain. erika miller takes a closer look at the forces driving stocks this year. >> reporter: many investors are asking themselves why the stock market did so well this year when the economy was so weak? the answer is the fed. >> you have to give them a good deal of the credit. they have had quantitative easing again and again. bernanke has said he does not want us to sleep into that kind of economic coma
and is still potential for the fiscal cliff to do a lot of damage. >> susie: we are going to betalking about fiscal cliff for a long time darren you better goat that crystal ball in good shape. >> i'm polishing it tonight. >> susie: thank you very muchdarren gersh our washington burp bureau chief. >> still ahead the most iconicnew year's eve set sill celebrations >> reporter: still ahead, we'll take a look at the business behind the world's most iconic new year's...
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>>> deb, thanks very much. happening now, a fiscal cliff hanger. the senate bipartisan bill faces a very uncertain future in the republican-led house. >> our speaker has said, when senate acts, we will have a vote in the house. that is what he said. that is what we he can be pekt. that is what the american people deserve. >> but is a sudden rift in the republican leadership putting it all in jeopardy? >> also, we're breaking down the deal on the table right now. we're going to show you how it impacts view your bottom line. >>> and what about the secretary of state? her dangerous blood clot. what could that mean for hillary clinton and her political future? i'm wolf blitzer. you're in "the situation room." right now we're following breaking news. all eyes are in the house of representatives where lawmakers are weighing the future of a bill that's now effectively a fiscal cliff fix. no vote has been scheduled on the bill that the senate passed in the middle of the night after steep tax cuts and spending cuts kicked in. speaker john boehner has been t
>>> deb, thanks very much. happening now, a fiscal cliff hanger. the senate bipartisan bill faces a very uncertain future in the republican-led house. >> our speaker has said, when senate acts, we will have a vote in the house. that is what he said. that is what we he can be pekt. that is what the american people deserve. >> but is a sudden rift in the republican leadership putting it all in jeopardy? >> also, we're breaking down the deal on the table right now. we're...
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cliff, jobs of the future, and even a few movie stars. we wanted to take a few minutes to highlight the best of 2013. this is the year that was and thank you for sharing it with me. >> i wish the people had more rational conversation to collaborate to how we can make the country grow faster, create jobs and create opportunity. >> america's always thinking it's in decline. the decline is by people left, right, and center. it's almost like a publishing craze. not quite "50 shades of gray" or sexy, but, still -- >> the biggest priority for the united states right now is getting recovery going at a rate that is rapid enough to produce sustained reductions in unemployment. >> under current law, on january 1st, 2013, it's going to be a massive fiscal cliff of large spending cuts and tax increases. >> find some way to avoid the fiscal cliff, to avoid doing anything that would contract the economy now. >> does that mean extending the tax cuts? >> the real issue is not whether they should be extended for another few months. the real issue is wheth
cliff, jobs of the future, and even a few movie stars. we wanted to take a few minutes to highlight the best of 2013. this is the year that was and thank you for sharing it with me. >> i wish the people had more rational conversation to collaborate to how we can make the country grow faster, create jobs and create opportunity. >> america's always thinking it's in decline. the decline is by people left, right, and center. it's almost like a publishing craze. not quite "50 shades...
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thank you. ♪ >>> ahead on "starting point," the latest on the fiscal cliff negotiations. we'll ask one house member if he expects to be voting on a deal today. next, utah congressman jason chaffetz. and is the kardashian clan about to get bigger? the new year's news you had to have. kim and kanye west, they respond to the pregnancy rumors. >>> breaking news, everyone. you're watching "starting point." so i switched my car insurance to state farm... saved $480 bucks. you know what that is? yeah. don't say it. so you know what it is, right? yeah, yeah, don't. that's a lot of dough! ♪ [ male announcer ] switch and you could save $480 bucks with state farm. when i'm out with my kids, my daughter's like, "mom, wait up!" and i'm thinking, "shouldn't you have more energy than me? you're, like, eight!" [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. advantage: mom. let's fight fat with alli. learn more, lose more at letsfightfat.com. >>> millions of americans countin
thank you. ♪ >>> ahead on "starting point," the latest on the fiscal cliff negotiations. we'll ask one house member if he expects to be voting on a deal today. next, utah congressman jason chaffetz. and is the kardashian clan about to get bigger? the new year's news you had to have. kim and kanye west, they respond to the pregnancy rumors. >>> breaking news, everyone. you're watching "starting point." so i switched my car insurance to state farm... saved...
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"fiscal cliff." the country will officially go over it tonight. congress will miss a midnight deadline. so what now? will washington prevent significant economic fall-out come wednesday? this is "special report." ♪ ♪ good evening. i'm bret baier. when the giant crystal ball makes the last move in times square tonight, 2013 will officially be here. and so will the deadline. for a deal here in washington. politicians self-imposed fiscal cliff. the effort to make the consequences so unattractive for missing that, that both sides would have to come to agreement. at this hour, there is no legislation to vote on yet. there is every indication officially it's over that cliff we go. some things are settled. others are still in flux. that is where it starts to get technical. so let's bring in fox team coverage to straighten it out. chief white house correspondent ed henry looks at messaging and movement from president obama today. first, chief congressional correspondent mike emanuel on what seems to have been settled and how and what is still up in th
"fiscal cliff." the country will officially go over it tonight. congress will miss a midnight deadline. so what now? will washington prevent significant economic fall-out come wednesday? this is "special report." ♪ ♪ good evening. i'm bret baier. when the giant crystal ball makes the last move in times square tonight, 2013 will officially be here. and so will the deadline. for a deal here in washington. politicians self-imposed fiscal cliff. the effort to make the...
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thank you. >> reporter: the united states is less than a week away from going over the so-called fiscal cliff. they say if president obama and congress don't make a deal we will almost certainly see a recession. do you buy that, steven? >> the congressional budget office is a nonpartisan group that does this and says we will in fact have an immediate rescission. they say that we come out of a short, sharp recession stronger than we would be if we didn't go into that recession in the first place. we stop borrowing money from the future to prop us up now. we have the immediate problems but in the long term we are in gets shape. that's what they are grappling this. how do they best structure this to do the least amount of damage now but get us to the good economy in the future. >> reporter: if you look up a research paper from the president's own economist you'll find in the long run we are healthier, short run, yeah, it's painful. is that what motivates some of the republicans that, you know, what are called chuckle heads, but maybe in the end they are wisdom heads. >> that is certainly p
thank you. >> reporter: the united states is less than a week away from going over the so-called fiscal cliff. they say if president obama and congress don't make a deal we will almost certainly see a recession. do you buy that, steven? >> the congressional budget office is a nonpartisan group that does this and says we will in fact have an immediate rescission. they say that we come out of a short, sharp recession stronger than we would be if we didn't go into that recession in the...
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david: senator harry reid says it looks like we are heading over the fiscal cliff and now vice president biden is actually making jokes, jokes about the fiscal cliff, but a recession would be no joke for any of us. coming up next, find out if steve forbes still holds out any hopes for a deal and what he thinks should be in it. shibani: plus, we've got the latest last minute travel deals out there coming your way. get ready to pack your bags. there are some great deals still to be had new year's eve. ♪ david: now we realize we're mixing metaphors here so bear with us. as we wait to go over the fiscal cliff, we've been reminded of the brief moment right before the titanic went into the deep. there is certain calm, even though all hell is breaking loose. and just like the titanic going down, this fiscal cliff tragedy was avoidable. last year the president said several times that we don't need any tax rate increases, even, going so far in his 2011 budget to recommend lowering all tax rates in get rid of deductions. now he is willing to send us into thent dids of recession because he won't
david: senator harry reid says it looks like we are heading over the fiscal cliff and now vice president biden is actually making jokes, jokes about the fiscal cliff, but a recession would be no joke for any of us. coming up next, find out if steve forbes still holds out any hopes for a deal and what he thinks should be in it. shibani: plus, we've got the latest last minute travel deals out there coming your way. get ready to pack your bags. there are some great deals still to be had new year's...
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you so much for coming on i want to get you back on and talk about the economy the fiscal cliff all that stuff want to get you back on again soon have an awesome next year new year's eve and we'll talk to you soon publisher of the trends journal thank you. some of you like what you say so far go to our you tube channel i youtube dot com slash brag about that and drive check out our facebook page at facebook dot com plus ready to set your one about what i'm doing when i'm not on or follow me on twitter at abby martin so stay tuned to hear about the top news stories i think that mainstream media missed this past year or. download the official publication to your cell phone choose your language stream quality and enjoy your favorites from alzheimer's if you're away from your television well it just doesn't do so now with your mobile device you can watch on t.v. anytime anywhere. wealthy british style sun. that's not on the typewriter the free. market why not. come to find out what's really happening to the global economy with mike's concert for a no holds barred look at the global fina
you so much for coming on i want to get you back on and talk about the economy the fiscal cliff all that stuff want to get you back on again soon have an awesome next year new year's eve and we'll talk to you soon publisher of the trends journal thank you. some of you like what you say so far go to our you tube channel i youtube dot com slash brag about that and drive check out our facebook page at facebook dot com plus ready to set your one about what i'm doing when i'm not on or follow me on...